Palandri in rescue mission as financing arm collapses; ANZ exposure sends shivers through banks; Clearance query may stall Pluto; Rio 'underwhelmed' by Vale's iron ore deal; RCR pins hopes on small clients
Shares in besieged takeover target Golden West Resources Ltd continued their downward spiral today, following the shock resignation late Friday of the company's chairman Geoff Wedlock and managing director Gary Hutchinson.
Litigation funding provider IMF (Australia) Ltd has reported a net profit of $3.3 million for the six months to December 2007, representing a 65 per cent rise over the corresponding period last year.
Perth-based Galaxy Resources Ltd has raised $1.79 million via the early staged exercise of unlisted options, to fund the completion of a feasibility study on its Mt Cattlin tenement in Ravensthorpe.
Welshpool-based engineering company RCR Tomlinson Ltd has posted a net profit of $9.13 million for the half year ending December 2007, up 10.7 per cent on the corresponding period in 2006.
Nomad Building Solutions Ltd has revealed a 45.7 per cent increase in net profit after tax to $10.4 million for the half-year to December 2007, on the previous corresponding period.
Belmont-based mineral sampling equipment manufacturer, Essa Australia Ltd, has posted a record net profit after tax of $1.9 million for the six months to December 2007, an increase of 23 per cent over the same period in 2006.
Preliminary data by the Real Estate Institute of Western Australia suggests Perth's housing market was flat-lining in the December Quarter of 2007, with no movement either up or down for the last three months of last year.
Michael Kiernan-chaired companies Monarch Gold Mining Company Ltd and Territory Resources Ltd have raised $10 million and $9.3 million, respectively, from share placements.
West Australian Newspapers Holdings Ltd has joined a string of blue chip listed companies to be hammered by investors after reporting its result, with WAN shares down 10 per cent after announcing a $44.2 million interim net profit.
Leighton price off as market goes away; Rio fails to railroad FMG; ASX defends role as regulator while business booms; AMP defers buyback as net profit falls short of forecasts; Revealed: Why Allco is on the rack
Golden West Resources Ltd has lodged an appeal against the Takeover Panel's decision to uphold Falak Holding's accidental sale of an 8 per cent Golden West stake into hostile suitor Fairstar Resources Ltd's scrip bid.
The consumer watchdog has launched legal action in Brisbane's Federal Court against Wesfarmers Kleenheat Gas Pty Ltd, alleging misleading or deceptive conduct over the pricing of bulk LPG supplied under contract.
Subiaco-based Paladin Energy Ltd has secured US$167 million ($185 million) in project finance for the remaining funding component of its Kayelekera Uranium Project in Malawi.
Two months after UK company Cape plc completed its $250 million takeover of Malaga scaffolding and formwork supplier PCH Group Ltd, nearly the entire management team has left PCH.
As the debate over Perth’s new multi-use stadium has demonstrated, AFL wields the most influence of all codes in Western Australian sport, with the state’s two clubs among the most financially successful in the national competition.
ROB Bransby has been appointed managing director of HBF. Mr Bransby was appointed chief executive officer of HBF in January 2007 after joining HBF in October 2005 as general manager.
Perth-based custom software developer, Beacon Technology, has been bought by global IT management consulting firm The Birchman Group, marking the group’s first acquisition in Australia and in the Asia-Pacific region
The family of late Multiplex founder John Roberts is among the winners from three long-running tax disputes that have gone to the courts – and all decided in favour of the taxpayers.
Finbar Group Ltd has received development approval for its seven-storey mixed office and residential development in Victoria Park, and is close to signing an anchor tenant.
Outside of the lucrative environment of the AFL, finding sponsorship can be tough in the arena of sport, with many clubs turning instead to private investment.
NATIONAL Australia Bank has confirmed Perth’s worst kept property secret by announcing it will anchor the new Century City retail/office project, under construction at 100 St Georges Terrace.
A new study of one of the state’s first not-for-profit institutions, the Royal Society for the Prevention of Cruelty to Animals WA (RSPCA), may provide a valuable link to the past for historians and ideas for creating a successful structure for other not-
The state government has established a new body to coordinate the development of some of Western Australia’s biggest capital projects, as it prepares to deliver on its record $25 billion capital works program.
The Takeovers Panel has decided not to make a declaration of unacceptable circumstances over a decision by Golden West Resources Ltd's major shareholder, Falak Holding, to sell its 7.12 per cent stake in the company.
The Federal Court in Perth has today given approval to the merger of Clinical Cell Culture Ltd and Visiomed Group Ltd, the last legal hurdle after Visiomed shareholders unanimously voted in favour of the schemes at a meeting last week.
